Calculation, Payment and Use of Fees In-Lieu of Affordable Housing
The Waterfront Commission will hold a public hearing on the proposed “Calculation, Payments and Use of Fees In-Lieu of Affordable Housing” on Monday, August 27, 2018 at 6:30 PM in Room 306, City Hall, 145 Taunton Ave, East Providence RI 02914. Public comment will extend to September 4, 2018. Comments may be emailed to Pamela Sherrill, Waterfront Commission executive director at firstname.lastname@example.org or mailed to her attention at City Hall, 145 Taunton Avenue, East Providence RI 02914. Please call her with any questions at 435-7500 x11155. Documents are available for review in the Planning Office, Room 206 of City Hall.
The East Providence Waterfront Commission Rules and Regulations establish the calculation, payment and use of fees in-lieu of constructing affordable housing units in the East Providence Waterfront Special Development District (District). The purpose of these regulations is to increase the stock of low- and moderate-income housing in East Providence with a priority on units located within the District, to meet the state goal of ten percent (10%) of housing units affordable to households of low and moderate income. The proposed rule identifies the procedure for a developer to request a fee in lieu of constructing affordable housing units in the District and identifies the procedure for disbursement of in lieu fees to a developer of affordable housing for gap financing.